Billogram secured $4.8 million from CNI, Inbox Capital and Rutger Arnhult.

Billogram, a Stockholm, Sweden-based provider of financial services tools, announced in a press release the completion of a SEK 45M ($4.8M) capital investment round.

The money was provided by Swedish investors including Rutger Arnhult, Inbox Capital and CNI.

Billogram, founded in 2010 and led by CEO Jonas Suijkerbuijk, built a digital payment solution available via an API for companies with recurring payments interested in transitioning from paper invoices.

Prior to this round, Billogram raised almost $11M.